What Would Happen If Donald Trump Was President?
The tag ‘President Donald Trump’ itself sounds bizarre. But what if he was actually the president of the United States? What America would be under his presidency? What would be his impact on the life of American Citizens? Well, the simple answer to all this questions is that he would make a terrible and ineffective president. It is because he has zero understanding of the responsibilities of...
Does Trickle-Down Economics really work?
Trickle-Down Economics theory states that tax cuts can help successful people in the society like businessmen, investors, etc. to increase the economy of the nation. The extra cash they earn will be invested to expand companies which will create jobs for the workers. The workers will spend their salary, leading to a demand, thus resulting in the economic growth. In theory, it sounds great, but does...
Why American workers standard of living has fallen?
Contrary to the belief that Americans are paid well, the standard of American workers has fallen tremendously in the last decade. About 67.1 per cent of wage earners in 2012 earned an average wage less than or equal to $42,498.21. According to the Social Security Administration, 50 per cent of wage earners make less than or equal to $27,519.10 annually. The reasons for the decline in the standard of...
How huge tax cuts for big corporations led us to recession
According to a report filed by Citizens of Justice, big cuts in corporate tax and tax loopholes, resulted in a $90 billion annual loss for the U.S. Treasury that led to the recession in 2008. Providing large tax subsidies to big companies and businesses is a bad economic policy. This artificially boosted the rate of returns for tax favored industries and companies and reduced the rate of returns for...
Corporations and environmental issues
As the world is progressing to become more globalize, some forget the social and environmental responsibility in the process, thus resulting in complex and volatile situation. We have witnessed many such organizations whose main motive is now earning more and more profits, and damaging results are uncountable. Some of the side-effects are- violation of human rights, child labor, mental frustration...
Why “Citizens United” ruling was wrong?
In 2010, Citizens United v FEC, the U.S. Supreme Court in its ruling gave corporations the right to freedom of speech and to spend unlimited money for political campaigns. This decision has put democracy in danger. Further reasons as to why it has made the situation even worse are: According to the decision, some groups have to reveal their financers, but Federal Election Commission’s rules do...
How corporate money will change US politics
Corporations, industries, labor unions, organizations spend billions of dollars every year in order to reach decision-makers and influence their thought process. Here are a few ways in which corporate money can change politics. Corporations contributing towards political campaigns can corrode democracy, especially when big companies use their money to influence elected politicians for their own interest....
Corporations will do everything to get rid of Unions
Unions have been playing a vital role since the 19th and 20th century America when workers did not enjoy any rights and did not get a work friendly environment, salary etc. But today, there are many laws to protect the rights of employees. When it comes to unions, corporations want to get rid of them because they cost a lot of money to a company. Not just directly, but indirectly as well. Slower work...
How corporations influence the government?
In this era of globalization, corporations with an unlimited access to wealth have managed to gain political power and therefore, can change laws to benefit them. Corporations can influence government through campaign funding, lobbying, and regulatory agencies. CAMPAIGN FUNDING: Big corporations donate money for political campaigns. First such contribution was made in 1896 for William McKinley. And...